Laos faces increased challenges from currency depreciation and high inflation despite signs of economic recovery in early 2022, according to the World Bank’s latest economic update for the country. The “Lao Economic Monitor for October 2022: Tackling Macroeconomic Vulnerabilities”, released on Monday, identifies ambitious reforms that can help the country restore economic stability and sustain […]
Read MoreThe Ministry of Finance has proposed applying four rates of environmental protection tax on fuels in 2023 depending on global prices. When the global oil price is below US$70 a barrel, the tax rates would reach the ceiling level of the tax bracket, which is VND4,000 per liter on gasoline, VND3,000 per liter on jet […]
Read MoreThe National Bank of Cambodia (NBC) has been making serious efforts over the past several years to bring down the level of dollarization in the economy by promoting the use of local currency riel (KHR). According to the Financial Stability Review 2021 of the central bank, the level of dollarization in the country still ruled […]
Read MoreMANILA, Philippines — The tightening cycle of the Bangko Sentral ng Pilipinas (BSP) may extend up to next year as inflation remained above the government’s two to four percent target, according to Fitch Solutions Country Risk & Industry Research. In a report, Fitch Solutions said the BSP was likely to increase its key policy rates […]
Read MoreOur target is to control inflation immediately next year, so we really need an increase in the benchmark interest rate. Jakarta (ANTARA) – Bank Indonesia (BI), in its Annual Budget Plan, has set the target of bringing down the Consumer Price Index (CPI) inflation to a level of 3.61 percent year on year (yoy) in […]
Read MoreBanks posted lower non-performing loan (NPL) ratios in the third quarter this year thanks to the economic recovery and appropriate risk management under their debt relief programmes. The commercial banking sector reported an NPL ratio of 2.77%, representing a total of 503 billion baht in the third quarter, down from 2.88% and 530 billion, respectively, in […]
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Thailand
